FINANCE OPTIONS

^Development Finance for Construction Businesses – Get a Quote

Q: How much can I borrow with development finance?

With development finance, borrowing capacity ranges from £100,000 to potentially unlimited amounts, based on the project's value and developer’s track record. Eligibility criteria focus on the project's scale and location.

Q: How quickly can I get a decision on my application?

Initial decisions typically take 1 to 6 weeks depending on documentation completeness and project complexity. Once approved, funds can be accessible within days or may take up to 3 months if external reviews are needed.

Q: What interest rates can I expect to pay?

Interest rates for development finance range from 5% to 15% annually. Factors influencing rates include the developer's creditworthiness, market conditions, and specific project risks.

Q: What are the eligibility requirements for development finance?

Eligibility requirements include detailed business plans and viable exit strategies. Developers usually need a strong track record, and projects are often pre-sold or pre-leased to satisfy lending criteria.

Development finance is a strategic funding solution vital for construction businesses aiming to complete projects from concept to completion. This finance option supports residential and commercial developments, allowing builders to secure capital for new builds or refurbishments effectively.

Secure up to £500,000 in Development Finance with Funding Agent.

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Loan disbursed within 24 hours
No additional charges for early repayment

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What are the ^benefits of Development Finance for Construction Businesses?

The primary advantage of development finance is its flexibility, allowing tailored interest-only payments during construction phases. This funding enables firms to expedite projects by providing necessary resources without immediate financial strain.

Increased project funding

Flexible repayment terms

Boosts cash flow

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What are the different types of Development Finance for Construction Businesses?

Residential Development Finance

Designed for seasoned developers, residential development finance offers amounts from £200,000 to £5 million with terms from 6 to 24 months and interest rates between 5% and 10%. Explore more about terms and conditions.

Residential Development Finance

Residential development finance caters to builders with a proven track record, providing funds for housing projects like estates and conversions. The decision-making process spans 2 to 4 weeks, post submission of detailed project plans. This option offers strategic funding solutions for housing associations.

Commercial Development Finance

Targeting commercial developers, these loans range from £250,000 to £10 million, with 12 to 36-month terms and 6% to 12% interest rates. Learn about requirements.

Commercial Development Finance

Commercial development finance supports infrastructure like offices and retail spaces. With an emphasis on end-use, it demands comprehensive business plans and projects a decision time of 3 to 6 weeks. Discover more here.

Bridging Development Loans

For quick funding, bridging loans offer £100,000 to £3 million for 3 to 18 months with rates from 8% to 15%. Quick applications enable immediate financial gap bridging. Explore loan options.

Bridging Development Loans

Bridging loans are apt for covering short-term costs, often between development phases. The fast-tracked applications help in maintaining project momentum. Get details on application features.

What is Development Finance for Construction Businesses?

Application Process & Decision Timescales

The application process is streamlined, requiring detailed project plans and financial documentation. Decision times range from 1 to 6 weeks, dependent on completeness and project intricacies. See how we streamline this.

Regulatory and Compliance Overview

While generally unregulated by the FCA, development finance mandates adherence to financial standards. Proper documentation and responsible lending are crucial. Understand compliance needs.

Borrowing Capacity and Rate Considerations

Borrowing amounts depend on developer’s experience and project scope, with typical rates varying from 5% to 15% annually based on risk assessments. These rates align with project location and LTV ratios. Review detailed rate insights.